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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
- This morning, NBH policymaker Pleschinger said in an interview that NBH is now likely to raise rates once a quarter as inflationary pressures have been intensifying in recent month, which should balance CPI and GDP risks.
- Surprisingly, there has been some aggressive selling pressure on HUF following that comment with USDHUF breaking above its 3-week range of 283 - 287. Next resistance to watch on the topside stands at 290, followed by 293 (50D SMA).
- It seems that there has been a 'buy the rumor, sell the news' type of environment in the CEE market with traders starting to take profits in CEE currencies in June following strong momentum in April and May.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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